Underwriter - Digital Executive Risks

General Job Description & Person Specification Job Title: Underwriter - Digital Executive Risks Division: Beazley Digital Key Relationships: Brokers, underwriters, claims, wordings, IT & operations Job Summary: To develop, digitize and own a small business focused Executive Risks account within the Digital division. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand. FLSA: Exempt Key Responsibilities: Underwriting Grow a profitable portfolio of digitally underwritten Executive Risks as part of the US Digital underwriting team. Build a digital solution for small businesses by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to build an attractive proposition. Manage development of non-insurance service offerings to insureds and others. Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level. Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Executive Risks account. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Digital Division. Comply with Beazley's underwriting control standards. Develop a good working relationship with the claims managers on this class of business. Broker Management Foster and maintain positive relationships with brokers to get a mutual understanding of both their and Beazley's needs. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients. General Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley. Develop best practice and disseminate business and class knowledge within the Digital team as well as Beazley divisions. Work with peers within the Digital division as well as other Beazley divisions to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group. Production of presentations and marketing literature as required. It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system. Display business ethics that uphold the interests of all our customers. Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs. Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups. Personal Specification: Skills & Abilities Proficient Executive Risks underwriting skills with a focus on D&O and EPL. Business development skills. Technology literate. Strong analytical skills with attention to detail. Able to communicate effectively with others, both verbally and in writing. Ability to manage time, meet deadlines and prioritise. Knowledge & Experience General commercial and financial knowledge. Experience of automating/digitising insurance offerings. Experience of Executive Risks underwriting or broking. Thorough knowledge of underwriting policy, philosophy and practice. Advanced knowledge of underwriting processes and systems. Aptitude & Disposition Entrepreneurial self-starter. Result focused, self-motivated, flexible and enthusiastic. Professional approach to interact successfully with managers/colleagues/external suppliers. Team worker as well as able to work on own initiative. Customer focused, with a strong ethic of service and fairness to the customer. Competencies Achievement drive. Analytical thinking. Strategic thinking. Service focus. Team working. Conceptual thinking. Forward thinking. The rewards: The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization. Attractive base compensation and discretionary performance related annual bonus. Competitively priced medical, dental and vision insurance. Company paid life, and short- and long-term disability insurance. 401(k) plan with 5% company match and immediate vesting. 22 days annual PTO (full-time, prorated for 1st calendar year of employment), plus paid public holidays with the ability to flex the religious bank holidays to suit your religious beliefs. Additional PTO purchase is available up to a maximum of 5 days per calendar year. Up to $700 reimbursement towards home office setup. Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeing. The opportunity to save for, and purchase, shares of Beazley stock. Six months fully paid parental leave, regardless of how you come to parenthood. Company paid sabbatical up to 12 weeks after 10 years of continued service. Support with exam/study leave and fees for relevant qualifications related to furthering education. Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually. Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business. Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is 90k - 120k per year plus profit related pay and discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role. Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles. This document is subject to review after consultation with your Manager. #J-18808-Ljbffr

Created: 2024-10-30